Which of the following could decrease the labor-supply curve for teachers?
a. a decrease in the wages paid to teachers
b. an increase in immigration
c. a change in the work preferences of men, with more of them preferring to be stay-at-home fathers
d. any factor that would decrease the labor-demand curve
c
Economics
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The long run is a time period in which
A) one year or less elapses. B) all factors of production are variable. C) all factors of production are fixed. D) there is at least one fixed factor of production and at least one variable factor of production.
Economics
Why is society's marginal social benefit curve for a public good found by vertically summing individual marginal benefit curves and not by horizontal summation as is the case for private goods?
What will be an ideal response?
Economics